UK cigarette giant BAT slumps to loss on US hit

BAT said the US cigarette industry was hit hard by "macro-economic pressures and proliferation of illicit single-use vapour products".

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Signage is pictured on the front of the headquarters of British American Tobacco at Temple Place in central London on January 17, 2017. (AFP)
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LONDON - British American Tobacco slumped into a 2023 loss on a huge US impairment, it said on Thursday, but shares rose as BAT eyed a